Weekly Recap: DeFi Partnerships and Innovations

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by Giorgi Kostiuk

2 years ago

The past week in DeFi and crypto saw significant events, including key partnerships, product launches, and regulatory changes. Below is an overview of the main news highlights.

Circle and Binance Partnership to Promote USDC

During Abu Dhabi Finance Week, Circle and Binance announced a strategic partnership to expand the adoption of the popular stablecoin USDC. Binance will integrate USDC into its trading, savings, and payment services, as well as adopt it as a core stablecoin for its corporate treasury, strengthening the global digital asset ecosystem.

Floki Launches Crypto Debit Card with Mastercard

Floki, in collaboration with Mastercard, launched a crypto debit card available in 31 European countries, including France, Germany, Spain, and Italy. The card is offered in both physical and virtual formats, allowing seamless cryptocurrency spending. The virtual version is accessible globally, expanding Floki's reach.

Ripple Receives Approval for RLUSD in New York

Ripple Labs secured approval from the New York Department of Financial Services to launch the RLUSD, a US dollar-backed stablecoin. CEO Brad Garlinghouse announced that the stablecoin would soon be available on multiple exchanges. Ripple aims to challenge market leaders like USDT and USDC.

The week in DeFi was filled with events that have the potential to influence the industry's future. These partnerships and product launches illustrate the ongoing evolution of digital assets and their integration into the global economy.

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Other news

MEXC Launches 'Trading Takes Two' Campaign to Showcase AI Capabilities

MEXC is launching a month-long campaign titled 'Trading Takes Two' to showcase how MEXC AI supports users in their trading journey.

user avatarTenzin Dorje

HTX Research Highlights Risks in Stock-Linked Memecoins

HTX Research's report highlights the risks of stock-linked memecoins, focusing on misleading high APY figures and the importance of understanding market conditions.

user avatarBayarjavkhlan Ganbaatar

HTX Research Unveils Insights on Stock-Linked Memecoins

HTX Research has released a report on stock-linked memecoins, analyzing their market structure and growth potential.

user avatarMohamed Farouk

BAI Builds Closed-Loop Infrastructure for the Agent Economy

BAI is building a closed financial loop for the agent economy, integrating models and agents to facilitate seamless transactions.

user avatarDiego Alvarez

BAI Sets New Industry Record with 151 Trillion Tokens Daily Throughput

BAI has set a new industry record with a daily throughput of over 151 trillion tokens, marking a significant increase since its launch.

user avatarElias Mukuru

Justin Sun Prize Launched to Transform Scientific Research

The Justin Sun Prize has been established to redefine scientific rewards in the AI era, offering up to $1 million for breakthroughs in fundamental disciplines and machine formal verification.

user avatarKenji Takahashi

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